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GTA condo developers still bullish despite headwinds: Panel
More than 20 towers approved in Metro Vancouver
Across Metro Vancouver, there are more than 20 towers over 45 storeys that have been approved by municipal governments, according to data from Zonda Urban market analyst Justin Lee. More than half of these are in Burnaby.
Pointe-Claire approves private talks with CF over dev. plans
Pointe-Claire council voted Monday at a raucous special meeting to forge ahead with discussions between the city and developer Cadillac Fairview regarding its development plans for the Fairview shopping centre parking lot and Fairview Forest.
Emory stepping down as Allied CEO, Williams to take top job
Allied Properties REIT (AP-UN-T) has announced sweeping changes and promotions among its senior management, including a new CEO and the retirement of its board chair. Michael Emory will step down as president/CEO, to be succeeded by Cecilia Wiliams.
Calgary's strong 2022 office market run ends: AY
A good streak of positive absorption in the Calgary office real estate market ended in Q4 2022, according to a report this week by Avison Young.
Winnipeg's office vacancies not likely to change for a while
Winnipeg’s downtown office vacancies will continue to remain in limbo for the time being, despite encouraging numbers in Q4 2022. “Yes, the numbers are going in the right direction, but it’s still a big problem,” said CBRE's Paul Kornelson.
Strategic Storage acquires Edmonton, Toronto facilities
Strategic Storage Trust VI, sponsored by an affiliate of SmartStop Self Storage REIT, has acquired an approximately 50,000-square-foot self-storage facility in Edmonton with approximately 490 units. The trust also acquired an approximately 104,750-square-foot self-storage facility in Toronto.
Lanesborough sells three Alta. residential properties
Lanesborough Real Estate Investment Trust (LREIT) (LRT-UN-X) is selling Laird's Landing in Fort McMurray, Alta.; Lakewood Manor Apartments in Fort McMurray; and Westhaven Manorin Edson, Alta., to 725, a company controlled by an insider of LREIT, for $43,010,000.
'Recalibration' afoot in Vancouver's retail market: Colliers
Colliers is describing a “recalibration” in Vancouver's retail market. Its newly released retail report pegs a vacancy rate index for suburban locations has fallen from 2.3 per cent to one per cent between mid- and the end of 2022.
Pattison Food Group gets into the restaurant biz
Known across Western Canada for its supermarkets (Save-On-Foods among them), Pattison Food Group is making a move into restaurants. Last week, the company offered a sneak peek of Wildlight Kitchen + Bar, its first full-service restaurant ahead of its opening.
Apartment REIT stocks soar on tight supply: Strategist
VIDEO: Dennis Mitchell, CEO and chief investment officer at Starlight Capital, joins BNN Bloomberg for his view on Canadian Apartment REITs as rental vacancies hit lows amid rate hikes. Mitchell notes most residential stocks are soaring.
Slate Grocery a top-performing defensive REIT
Last year, Toronto-based Slate Grocery REIT (SGR-UN-T) was the second-best performing security in the S&P/TSX SmallCap real estate sector with a price return (not including the yield) of 4.7 per cent.
Brookfield fund acquires 1.8M-sq.-ft. Calif. logistics project
A Shopoff Realty Investments and Artemis Real Estate Partners JV has sold I-10 Logistics Center, a 155-acre, two-building, 1.8 million-square-foot class-A industrial campus in Cherry Valley, Calif., to a Brookfield Asset Management fund.
Brookfield, Blackstone heavily exposed lenders in Calif.
About $30 billion of CMBS debt tied to almost 400 commercial properties in Los Angeles and Orange County is due shortly. Brookfield's $350-million loan on the Gas Company Tower in downtown L.A. is due next month.
Granite REIT extends lease extensions on Austrian properties
Granite REIT (GRT-UN-T) announced today the leases at its properties in Graz, Austria, comprising approximately 5 million square feet, have been contractually extended for 10 years to 2034.
$35B of securitized debt on U.S. multifamily to mature In 2023
About $35 billion in debt secured by U.S. multifamily assets is scheduled to mature this year, according to CRED iQ's 2023 CRE Maturity Outlook, out of a total of about $162 billion by all property types.
Heavy fines to apply to unethical Ont. homebuilders
A new provincial regulation that takes effect Wednesday will allow Ontario’s homebuilding watchdog - the Home Construction Regulatory Authority (HCRA) - to levy financial penalties of up to $50,000 per occurrence on unethical and rule-breaking builders.
Worst of housing market 'is behind us': Desjardins Group
Canada’s housing market will slowly grind lower in 2023 before finding a bottom later this year, predicts Randall Bartlett, senior director of Canadian Economics at Desjardins Group. "We think the worst is behind us,” he says of the correction.
Prairies poised to outperform nat'l housing market in 2023: TD
Interest rates keep rising and Canadian housing prices keep falling, but Alberta and the rest of the Prairies are poised to outperform the nation as stormy market conditions continue to swirl in 2023, according to a report by TD Economics.
Greater Vancouver home sales to flatten
Home sales in Greater Vancouver are predicted to stay in line with last year’s slower pace, while prices inch up slightly. The forecasts are contained in the Real Estate Board of Greater Vancouver’s outlook for 2023 released Tuesday.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
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Palais des Festivals, Cannes, France
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